Assignment- Examining Inventory Turnover and Days Inventory on Hand
• Provide a solid 1-page paper and address the following 2 questions.
• Check Spelling and Grammar
• APA 6th Edition
Concepts
For CVS:
1. What inventory methods does CVS use to value its inventory: is it the same or different from what Walgreen's uses? If it is different how will that impact the financial statements?
2. How much is CVS' reserve for estimated inventory losses?
Reference:
Text: Financial Accounting: Tools for Business Decision Making
Author: Kimmel, Weygandt, Kieso
Publisher: Wiley
Ed/Year: 7th/2013
ISBN-13 (hard cover): 978-1118162286
ISBN (e-text): 978-1118562178
Morning Star Financial History
Directions for Locating the Data for the Five Year Information
1. financials.morningstar.com/ratios/r.html?t=CVS
2. Select Key Ratios
3. Scroll Down to the Section your need:
A. Profitability
B. Growth
C. Cash Flow
D. Financial Health
E. Efficiency Ratios.